Turkey’s Tariffs

Tariffs or duties are custom taxes that government imposes on imported goods. They are implemented to protect domestic production and jobs. Turkey has been keen on joining the European Union and in 2005 the European Commission began accession proceedings. Before seeking establishment within the EU, Turkey and the EU formed a customs union. The union

Tariffs, Bro.

The Netherlands is a member of the European Union, and therefore follows the agreed upon European Union tariffs. Because of this, imports and exports are covered by the EU Taxation and Customs Union. All members of the European Union apply the same Common Customs Tariff (CCT), where the criteria includes difference of product, the source

France-US Wine Trade War

Trade War Disagreements in 2019 Per my previous post, France and the US have a disagreement on the tariffs for wine importing to their respective countries and markets. Scaling out of wine, France and the US seem to have an on going trade war imposing tariffs on many goods and products from various European countries,

France’s Tariff on Wine

As one of the largest wine producers across the globe, of course France imposes a tariff on their specialty wine. This is a way for the French government to make money on sell and receiving wine to and from other countries, but it has also caused quite a stir in other countries for them. In

Tariffs in Brazil

Tariffs are a tax on imports or exports of a country. The three main taxes on imports in Brazil are the import duty tax, industrialized product tax, and the merchandise and service circulation tax. The import duty- a tax that is required by the country on imports to the country. In Brazil specifically, it ranges

Ireland and Tariffs

Ever since Ireland joined the European Union on January 1, 1973, it has free trade among the members of the union, along with other regulations that allow the free trade to happen like agricultural and transpiration policies. When it comes to non-E.U. countries trading goods with the E.U., they must go through customs at the

Canada: A New NAFTA Agreement? Tariffs on Aluminum

The U.S, Canada, and Mexico signed a new agreement called the USMCA, an agreement replacing NAFTA. On the White House website, it mentions that this agreement will bring the relationship with Canada to a new modernizing trade deal. The Trump administration highlighted that the USMCA agreement would benefit American workers, farmers, ranchers, and businesses. The administration says

Belgium: Tariffs Vary

In 1921, in Luxembourg, the Convention of Brussels created the Belgium- Luxembourg Economic Union, and the two had the same customs tariff. After World War II, the union expanded to include the Netherlands. In early 1948, most import tariffs within the “Benelux” area along with common external tariffs, were put into motion. Eventually, in the

Are Honduran Tariffs Slowly Disappearing?

Currently, Honduras has two free-trade agreements–CAFTA-DR and SIECA. CAFTA-DR (Dominican Republic-Central America FTA) is a deal between the Dominican Republic, El Salvador, Guatemala, Nicaragua, Honduras and the United States. SIECA (the Central American Economic Integration System) is an agreement between the same neighboring Central American countries as CAFTA-DR includes, except it adds Panama and Cost Rica and takes

UK’s Tariffs

The United Kingdom is still going through a major transition with their international politics and trade because of their decision to leave the European Union (EU) – a situation known as Brexit. According to a 2019 news report, the UK plans to cut 87% of its current tariffs once Brexit has completed. Historically, the UK

Mexico and Tariffs

After 25 years of trading under NAFTA, the US, Canada and Mexico, reached an agreement to replace NAFTA with the United States-Mexico-Canada Agreement (USMCA). This revised agreement is meant to support mutually beneficial trade leading to freer markets, fairer trade, and robust economic growth in North America. Mexico participates in many international agreements which include

Tariffs: How India Uses Trade Barriers to Protect Domestic Workers and Producers

Join me for this week’s edition of International Trade and India, where we will be delving into the world of TARIFFS! For those who could use a refresher, let’s spend a few moments discussing many ways governments around the world use protectionist measures to create barriers to international trade. If you would rather get to

Iceland: Is Britain Coming for Your Cod?

The graph above shows Iceland’s weighted mean applied tariff from 1993 to 2020. A countries weighted mean applied tariff is derived from tariff rates that are then weighted by the share of the import or export with its corresponding trading partner. Iceland tariff rates are slightly below the world average which can be seen here,

New Zealand, All in for Free Trade?

1800’s tax revenue In 1841 New Zealand established a great number of tariffs on imports as a major source of revenue. Tariffs of 10% were imposed on things such as alcohol, tobacco, tea, sugar, and grains. The tariffs imposed proved to be a great source of revenue for New Zealand accounting for “over two-thirds of

A Little Sugar in Taiwan: Week 6 Tariffs

Have a taste for Tariffs this week cause we are going to dive in!

Ghana: Tariffs

Nearly 70% of all animal products in Ghana are imported, however Ghana hopes to change that in the future. In an effort to develop greater domestic supply, Ghana has banned some products, limited import permits for others, and enacted tariffs on all animal product imports. Tariffs, similar to a tax, increases the cost of importing